Since Mr Dickens would be likely, if anything, to err on the side of understating the debt, rather than overstating it and since a recent article published on the Nationalism Today web site and re-published on this blog, itemizes total debt at approximately £600,000, the figure of £273,000, quoted in the article below, would appear to be a gross understatement of the true level of the party's liabilities.
However, whether the BNP's debt be £600,000, or £400,000, or, as the following article suggests, £273,000, the damning indictment of the reckless negligence and irresponsible folly of the man on whose watch, as national chairman of the party, the situation was allowed to develop, is proved beyond a shadow of a doubt.
A party of the size of the BNP should not go into long term debt at all. Instead of which, for the past several years now, the BNP has had a growing annual deficit and this at a time, up to about eighteen months ago, of a greatly increased and progressively increasing annual income. Something does not add up. Griffin is an absolute disgrace. If he had any honour, or sense of decency, he would resign immediately.
As it is, he doesn't. Consequently, it is up to us, the members, to vote him out in a leadership election.
The BNP's 2010 Accounts are due to be submitted to the Electoral Commission, this week, by close of business on Thursday, 7 July. They should make interesting reading. Of course, they are yet again, as usual, almost certain to be 'qualified' by the party's auditors, Silver and Co: which means that adequate records have not been maintained, or at least, not provided to the auditors.
The 2010 Accounts are also highly unlikely to be submitted on time, which means that the BNP will incur a fine as well as justified public opprobrium. Not only does this mean that the public, the electorate, will rightly view the BNP's leadership as a shower of unelectable incompetents, if not worse, but it will also mean that the party's members will be deprived of up to date information on one of the key issues of the party's leadership election, this year as it was last year - the maladministration of the party's finances.
Could this be why Mr Griffin chose to bring forward the timetable for a leadership election this year? I wonder. And don't forget, the winner of the leadership election this year gets a four year term of office. Will there even be a BNP at the end of four years, should Griffin win?
Somehow I doubt it.
Nick Griffin’s Financial Wheels Come Off: The Truth about Party Debt at Last
Posted by admin, on 2 July, 2011, to Andrew Brons' BNP Ideas web site
|Griffin is the 'Rogue Trader' of the British National Party|
Court cases — which the party is sure to lose — are already underway for £217,000 while other creditors are owed at least a further £56,000 [Emphasis mine, AE]. The latter figure is owed to suppliers who have not been paid but who have, so far, not instituted court proceedings.
The amounts under dispute and currently the subject of legal proceedings include [Emphasis mine, AE] the following:
- Romac Press in Belfast: £41,000.
- Mark Collett’s action against Adam Walker: £15,000.
- Michaela Mackenzie’s action against Nick Griffin: £25,000.
- The “Decembrists” (Kenny Smith et al) action against Nick Griffin: £120,000.
- Newton Press in County Durham: £16,000.
When added to the £56,000 still owed to various other creditors, the total indebtedness into which Mr Griffin’s regime has plunged the membership amounts to around £273,000.
It is highly unlikely that any of these court cases (which together entail a liability of £217,000) will end successfully for the party.
Members will therefore be called upon to help to pay these bills, which, as mentioned, will ultimately be even higher once final court costs are factored in.
There is also no guarantee that at least some of the outstanding creditors might not still institute court actions as well.
The worst of it is that the majority of the already existing court cases were completely avoidable and unnecessary.
- The “Decembrist” case results from the completely procedurally incorrect expulsion of several officials in December 2007.
Mr Griffin failed completely to follow any sort of legal procedure and has plunged the party into chronic debt because of his short-sightedness at best, or chronic and reckless disregard for legality at worst.
- The Michaela Mackenzie case was yet another completely procedurally incorrect dismissal which could not result in anything else except a successful court case against the party.
In fact, Mr Griffin has already been ordered to pay the £25,000, but is attempting to string it out with more appeals. All this is doing is racking up the bill even further, in yet another wanton display of disregard for members’ money.
- The Mark Collett court case is another legal action which could have been avoided had the correct channels been followed.
- None of the printing bills would have ended up in court had Mr Griffin used the money which was spent with “new” printers to first pay off the old debts.
This practice might even have criminal implications and is known as “trading while insolvent.”
There are two tests for solvency defined in Section 123 of the Insolvency Act 1986. These are (1) if assets are exceeded by liabilities, and (2) if debts are failing to be discharged when they fall due. If a company, or in this case the party, satisfies either criteria, then it is technically insolvent in accordance with the definition of the legislation.
There can be no doubt that Mr Griffin has led this party not only to electoral defeat, but also to insolvency and bankruptcy.
This, combined with the clear and obvious lies told to members over the proposed constitutional reforms, has proven that Mr Griffin is no longer fit to lead this party.
It is in the best interests of himself, the party and the cause, that he steps aside now.
"* Former party fundraiser Jim Dowson has claimed that the party still owes the Adlorries company a further £120,000, of which at least £70,000 is outstanding PAYE and tax. The party’s Financial Scrutiny Committee has been told that Adlorries has been closed down and the debt is no longer valid.
"If Mr Dowson is correct, the total party debt rises to over £390,000.
"* There are strong indications that the total debt is even higher. BNP Ideas has been informed that there was a court proceeding last month for a £57,000 Royal Mail bill which has also not been paid. This is apparently only one of a number of such actions under way, including one from HMRC for an amount of £25,600, which accrues interest on a daily basis."